
It is important to know that Sparklers Pre-School cannot run without a committee. If you are interested in one of the committee positions, please speak to a member of staff or submit your interest here.
About Us
About Us
10.04
Reserves Policy
Policy Statement
It is our intention to maintain a reserve fund to cover unexpected costs such as redundancies, emergency expenses etc, as per the Charity Commission requirements.
Procedure
We aim to hold a reserve fund equivalent to 3 months running costs.
We hold sufficient funds which would adequately cover our costs in the case of an emergency, (including staff redundancy payments if the pre-school were to close permanently.
We will produce an annual budget, which will aim to provide a small surplus which can be set aside for the reserve fund if necessary. If not required in the reserve fund it will be invested into the pre-school in line with our PSLA constitution.
The level of reserves will be reviewed annually to make sure it is compliant with this policy and the annual budget and reserve fund adjusted if necessary in line with legal redundancy requirements.
This Policy was adopted by Sparklers Pre-School
Signatory:
Lynn Mcmahon
Role of Signatory:
Pre-School Supervisor
Issue Date:
Under Review
Next Review Date:
Under Review
This Policy was approved by Sparklers Pre-School Committee
Signatory:
Role of Signatory: